It is generally harder to transfer one's ownership interest in a partnership than in a corporation. a. True b. False

1 answer:

7 0

There are different kinds of business. It is generally harder to transfer one's ownership interest in a partnership than in a corporation is a True statement.

<h3>Why is it harder to transfer one's ownership interest in a partnership?</h3>

Partnerships and proprietorships are known to have a tax advantage when compared to corporations. It is therefore harder to transfer one's ownership interest in a partnership than that of an corporation.

Ownership in a corporation is said to be usually transferred through the sale of stock. A change in ownership is known to not affect the presence of the corporation.

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